Getting To Know All About You (err, Your Awards) – Part One

Previously, on As Sheldon Turns, we discussed several different types of sponsored projects and a few of their general characteristics.  Today, we’ll begin a more in-depth examination of the award types and what differentiates each from the others.

Award Type: Grant

Basic Purpose:  To assist the organization in fulfilling a goal or public purpose.  Also to support further knowledge in a particular subject area or field of research.

Sponsor Involvement:  Very little once awarded, other than ensuring adhering to reporting requirements.

How Solicited:  Initiated by Investigators via application kit or other avenues.

Benefits:  Recipients are able to further their own purposes/programs.  Sponsors benefit by having their funds support further research in a field, which is for the public good.

Project Direction:  Since grants are considered “assistance,” the PI is generally able to operate freely within the solicitation.

Selection Process:  Based on peer review recommendation.

Award Instrument:  Description of the statement of work with general outline of terms and conditions.

Period of Performance:  Defined by the PI, with input from the sponsor, and may also be impacted by availability of funds.

Cost Principles:  A-21 (Higher Education); A-122 (Profit Organizations)

Administrative Requirements:  A-110 (Agency Implementation)

Rebudgeting Ability:  Generally available within most budget categories.  However, sponsor can restrict within certain categories, such as international travel.

Technical Reporting Requirements:  Usually annual reports and/or summary technical reports.

Renewals:  Depends on the interest of the sponsor and possibility/scope of future research.

Final Deliverable(s):  Generally only the final technical, financial and intellectual property reports.

Fulfillment of Award:  PI utilized best efforts to complete the research.